Jefferies Financial Group Issues Pessimistic Forecast for Taylor Wimpey (LON:TW) Stock Price

Key Points

• Jefferies lowered Taylor Wimpey’s price target to GBX 101 from GBX 102 but maintained a “buy” rating, implying 19.58% potential upside from the current price.
• Analyst sentiment is mixed: five analysts rate the stock “buy,” four rate it “hold,” and one rates it “sell,” resulting in a consensus “hold” rating and average target of GBX 99.20.
• Taylor Wimpey opened at GBX 84.46, with a £3.04 billion market capitalization, and recently reported quarterly EPS of GBX 2.50. An insider also bought 1,999 shares at GBX 75 per share.

Taylor Wimpey (LON:TW - Get Free Report) had its target price dropped by investment analysts at Jefferies Financial Group from GBX 102 to GBX 101 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the homebuilder's stock. Jefferies Financial Group's target price points to a potential upside of 19.58% from the stock's current price.

Several other research analysts have also recently issued reports on TW. Berenberg Bank cut their price target on shares of Taylor Wimpey from GBX 100 to GBX 95 and set a "buy" rating for the company in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their target price on Taylor Wimpey from GBX 96 to GBX 82 and set a "hold" rating for the company in a research note on Tuesday, August 4th. Royal Bank Of Canada cut Taylor Wimpey to an "outperform" rating and cut their price objective for the stock from GBX 115 to GBX 110 in a research report on Monday, August 3rd. Citigroup lowered their price target on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an "underweight" rating for the company in a research note on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 99.20.

Taylor Wimpey Stock Performance

LON:TW opened at GBX 84.46 on Wednesday. The firm has a market cap of £3.04 billion, a PE ratio of 12.32, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a current ratio of 4.99, a quick ratio of 0.71 and a debt-to-equity ratio of 3.06. The business's 50-day simple moving average is GBX 80.10 and its 200-day simple moving average is GBX 89.01.

Taylor Wimpey (LON:TW - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share for the quarter. Taylor Wimpey had a return on equity of 5.99% and a net margin of 6.43%. On average, equities research analysts predict that Taylor Wimpey will post 9.8339265 EPS for the current year.

Insider Activity

In related news, insider Mark Castle bought 1,999 shares of Taylor Wimpey stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of GBX 75 per share, with a total value of £1,499.25. In the last three months, insiders purchased 2,784 shares of company stock worth $209,976. Insiders own 0.87% of the company's stock.

About Taylor Wimpey

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source